Blue Thunder Mining (TSXV:BLUE) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Blue Thunder Mining Debt-to-Equity?

Blue Thunder Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Blue Thunder Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Blue Thunder Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.46 Mil. Blue Thunder Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Blue Thunder Mining's Debt-to-Equity or its related term are showing as below:

TSXV:BLUE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: 0.25

TSXV:BLUE's Debt-to-Equity is ranked worse than
61.6% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSXV:BLUE: 0.25

Blue Thunder Mining Debt-to-Equity Historical Data

The historical data trend for Blue Thunder Mining's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Blue Thunder Mining Debt-to-Equity Chart

Blue Thunder Mining Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Blue Thunder Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-0.86	-0.23	-	-

Competitive Comparison of Blue Thunder Mining's Debt-to-Equity

For the Gold subindustry, Blue Thunder Mining's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Blue Thunder Mining's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Blue Thunder Mining's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Blue Thunder Mining's Debt-to-Equity falls into.

Blue Thunder Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Blue Thunder Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	0.462
	=	0.00

Blue Thunder Mining's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	0.462
	=	0.00

Blue Thunder Mining (TSXV:BLUE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Blue Thunder Mining Debt-to-Equity Related Terms

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Blue Thunder Mining (TSXV:BLUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blue Thunder Mining Inc (TSXV:BLUE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BLTMF:USA

Address

401 Bay Street, Suite 2704, P.O. Box 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.bluethundermining.com

Blue Thunder Mining Inc is a mining company. It is focused on the acquisition, exploration, and development of mineral properties in Canada. The firm's projects include the Nelligan gold deposit, Monster Lake gold deposit, Chevrier Main Zone gold deposit, and Joe Mann gold mine. The Company's only activity is mineral exploration and evaluation. All of the Company's field equipment and supplies and exploration claims are physically located in the Province of Quebec.